Australia and the UK are inching towards finalising a free trade deal with leaders from both countries soon to announce an in-principle agreement. An in-principle agreement is a step-up from a Memorandum of Understanding and is legally enforceable, demonstrating the progress last-minute negotiations over the past six weeks are having. Australian Prime Minister Scott Morrison met with his United Kingdom (UK) counterpart Boris Johnson at the British prime minister’s official residence, 10 Downing Street, to discuss outstanding issues over dinner. “Their agreement is a win for jobs, businesses, free trade and highlights what two liberal democracies can achieve while working together,” a spokesman for the prime minister told AAP. “Both PMs will make a formal announcement on Tuesday morning in London and release further information.” The new Australia-UK Free Trade Agreement (FTA) will open more opportunities for Australians to live and work in the UK and export opportunities for agriculture, …
Australia, UK Inch Towards Free Trade Deal As Prime Ministers Meet
June 14, 2021
admin
AustraliaAustralia-UK tradeBoris JohnsonBusinessEconomiesInternationalPrime Minister Scott MorrisonUKWorld
0 Comment